The Latest Breaking News from Davos

With Donald Trump back as US president with his confrontational style, Chinese, European and Ukrainian leaders are expected to defend global cooperation on Tuesday at the annual gathering of the world's elites in Davos.

Donald Trump is not stepping foot in Davos this week but the head of the World Economic Forum says the new president has brought renewed interest in the annual gathering of business and political leaders.

As global elites arrive in Davos for the annual World Economic Forum, the global advocacy group Oxfam reported that billionaires' wealth increased three times faster in 2024 than the previous year, and it warned of an emerging “aristocratic oligarchy” with enormous political clout, primed to profit from Donald Trump’s presidency…

Billionaire wealth has grown faster last year, and now the world can expect at least 5 trillionaires within a decade, even as the number of people in poverty has barely budged since 1990

A leading NGO warned Monday of an emerging "aristocratic oligarchy" with massive political clout and primed to profit from Donald Trump's presidency, as global elites descend on Davos for their annual confab.

Labour chancellor will try to attract overseas investment at World Economic Forum meeting this week while row rages at home over tax changes for millionaire foreign nationals living in the UK

The annual gathering of the globally minded is looking forlorn in the light of Trump 2.0 and trade rows

The chancellor will seek investment in the UK as the Labour government prepares to reduce the benefits bill

These high priests of globalisation are facing the fact that Trump’s tariffs are part of a global shift to protectionism, says Guardian columnist Larry Elliott